|
|
|
Dear
Customer,
Thank you for being a part of
the ICICIdirect.com family.
With the
onset of the New Year, possibilities are that
you're already planning to save tax for the
financial year 2010-11.
We'd like to
update you about the investment approaches you
can implement to do effective tax planning.
Given below is a precise note on the two
sections which are most relevant to your
personal income tax planning.
Section 80D
of the Income Tax Act, 1961 allows you to claim
tax deductions for Health Insurance taken for
yourself and your family, including parents.
Given below is an illustration of the Tax
benefit**.
| |
Health Insurance
Premium |
Tax Deduction u/s
80D** |
| For yourself and your
family |
Rs. 15,000/- |
Rs. 4,635/- |
| For your Parents (above 65
yrs.) |
Rs. 20,000/- |
Rs. 6,180/- |
| Total (for self and parents above
65) |
Rs. 35,000/- |
Rs.10,815/- |
The maximum deduction
that can be claimed is Rs. 15,000/- for you and
your family and an additional Rs. 15,000/- for
health insurance bought for your parents (in
case your parent/s are Senior Citizens Rs.
20,000/-). Thus, you can deduct up to Rs.
30,000/- from your taxable income for medical
insurance premiums paid and save Rs.
9,270/-. |
|
Buy Health insurance in 3 easy steps
- |
 |
Calculate
Premium |
 |
Enter
Details |
 |
Make
Payment | | |
|
|
| |
|
|
* Tax benefits are subject to tax
laws. # Terms and conditions apply **
Calculated at the highest tax bracket of 30%
|
|
ICICI Securities Ltd. - Corporate
Agent of ICICI Lombard. Composite Corporate
Agent License No. 2613930. Registered office of
ICICI Securities Ltd (I-Sec) is at ICICI
Securities Ltd. - ICICI Centre, H. T. Parekh
Marg, Churchgate, Mumbai - 400020, India.
Insurance is the subject matter of solicitation.
ICICI Securities Ltd. does not underwrite the
risk or act as an insurer. ICICI Securities
Limited shall not be liable to the Customer for
non-availability of the Facility or particular
Insurance Policy or non-acceptance of the
Customer's proposal by the Insurance Company.
The information contained herein is
strictly confidential and meant solely for the
selected recipient and may not be altered in any
way, transmitted to, copied or distributed, in
part or in whole, to any other person or to the
media or reproduced in any form, without prior
written consent of ICICI Securities Limited. The
contents of this mail are solely for
informational purpose and may not be used or
considered as an offer document or solicitation
of offer to buy or sell or subscribe for
securities or other financial instruments or any
other product. Nothing contained herein shall be
construed as a recommendation or solicitation by
ICICI Securities Limited to purchase any
Insurance products. Nothing in this mail
constitutes investment, legal, accounting and
tax advice or a representation that any
investment or strategy is suitable or
appropriate to your specific circumstances.
While due care has been taken in preparing this
mail, I-Sec and affiliates accept no liabilities
for any loss or damage of any kind arising out
of any inaccurate, delayed or incomplete
information nor for any actions taken in
reliance thereon. The information provided may
not be taken in substitution for the exercise of
independent judgement by any investor. The
investor should independently evaluate the
investment risks and make independent judgment
with regard suitability, profitability, and
fitness of any product or service offered herein
above.
This mail is not directed or
intended for distribution to, or use by, any
person or entity who is a citizen or resident of
or located in any locality, state, country or
other jurisdiction, where such distribution,
publication, availability or use would be
contrary to law, regulation or which would
subject I-Sec and affiliates to any registration
or licensing requirement within such
jurisdiction. The securities described herein
may or may not be eligible for sale in all
jurisdictions or to certain category of
investors. Persons in whose possession this mail
may come are required to inform themselves of
and to observe such restriction.
Mailing
Address: ICICI Lombard General Insurance Company
Ltd. Zenith House, Keshavrao Khadye Marg,
Mahalaxmi, Mumbai - 34. |
|
|
|
| | | |
Insurance is underwritten by
ICICI Lombard General Insurance Company Ltd. Insurance is the
subject matter of the solicitation. IRDA Reg. No. 115.
Misc 63 | |
|
| |